Estate Planning

Authored by David Kotik During a recent conversation with a client, the question arose as to whether California currently imposes an estate tax.  In response, we confirmed that California does not impose an estate tax.  It is worth noting that California has previously imposed an estate tax, and there is no certainty that an estate […]

Authored by Kristin Gifford  At Lobb & Plewe, we take pride in helping high-net-worth individuals with their estate planning needs. Planning for the future is an important part of securing hard-earned resources and ensuring said resources are distributed to beneficiaries according to the estate holder’s wishes. If you are in need of assistance with estate

Authored by Mark Lobb As we entered 2023, many states cut taxes on individuals and companies with lofty goals of spurring investments, stabilizing growth, and assisting families during an inflationary period.  The vice president of taxation and public finance for the Indiana Chamber of Commerce declared the tax cut in Indiana could provide a boost

Authored by Mark Lobb Charles Darwin has many great quotes, but one of my favorites is as follows: “It is not the strongest of the species that survive, not the most intelligent, but the one most responsive to change.” You may have put a great planning structure together at one point which was considered “strong”

Authored by Mark Lobb Along with California: “The Good, The Bad and The Ugly” Last year saw the demise of the Build Back Better act which promised increased taxes and the gutting of traditional estate planning. Significant changes in tax and estate planning are not likely to occur in 2023 at the federal level.  States

Authored by Mark Lobb and David Kotik Last year at this time our clients were being flooded with news and updates about possible new and draconian tax and estate planning laws being implemented at the federal level. Significant changes may still occur in 2022, but the vitriolic attacks on businesses and wealthy individuals in Washington

Authored by Mark Lobb A revised 1,684 pages of the Build Back Better Act (the “Act”) was released on October 28, 2021.  This revised text was referenced by President Biden as the “Framework.”  The prior proposed changes in the Act which would have substantially altered traditional estate planning with grantor trusts and other items have

Attorney Aaron Hegji of Lobb & Plewe, LLP, and a director of the Coalition For American Retirement (CFAR) is pleased to announce that legislation prepared by the CFAR is included in the Portman Cardin retirement savings bill (the Retirement Security and Savings Act) introduced by senators Rob Portman, R-Ohio, and Ben Cardin, D-Md. The senators

A trustee is bound by the terms of the trust agreement. The performance of his or her duties, including and especially making distributions to beneficiaries, must strictly comply with the trust terms. However, more and more trusts, especially those utilizing advanced estate, tax, and asset protection planning techniques, provide an independent trustee with sole and